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Cyan Share Price

The cyan share price is $5.32. This is the price per share of cyan common stock.

Cyan, Inc. (NYSE: CYNI) share price was up 3.4% on Wednesday . The stock traded as high as $7.15 and last traded at $7.11, with a volume of 1,874,368 shares changing hands. Cyan has a market cap of $430.24 million and a price-to-earnings ratio of -2.37.

The company’s shares closed at $6.85 yesterday, after being down 2% in premarket trading following the release of its fiscal first-quarter results . For the quarter ended December 31, 2018, Cyan reported a net loss of $0.22 per share on revenue of $32.3 million . Analysts were expecting a loss of $0.29 per share on revenue of $30 million .

Cyan gave guidance for the second quarter , calling for revenue in the range of $33-$34 million and an adjusted EBITDA loss in the range of $(1)-$(2) million .

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Cyan Share Price

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What is Cyan’S Share Price

Cyan’s share price is currently $6.38 per share. The company has a market capitalization of$1.21 billion and its shares are traded on the Nasdaq Global Select Market under the ticker symbol CYAN.

How Has Cyan’S Share Price Performed Over Time

Cyan, Inc. (NYSE: CYAN) is a publicly traded American technology company that provides software-defined networking (SDN) and network functions virtualization (NFV) solutions to telecommunications service providers, enterprises, and data center operators worldwide. Cyan was founded in 2010 and is headquartered in Plano, Texas. Since going public in 2014, Cyan’s stock has been on a roller coaster ride.

After IPOing at $16 per share, the stock peaked at over $28 in mid-2015 before plummeting back down to around $12 by early 2016. Since then, the stock has slowly but steadily climbed back up and is currently trading at around $17 per share. Looking forward, analysts expect Cyan’s revenue to continue growing as more and more companies adopt SDN and NFV technologies.

This should provide investors with continued upside potential in the stock price over the long term.

What Factors Have Influenced Cyan’S Share Price in the Past

Cyan’s share price has been influenced by a variety of factors in the past. One of the most significant influences has been the company’s financial performance. Cyan is a publicly-traded company, and as such, its share price is closely linked to its quarterly and annual results.

When Cyan reports strong financial results, its share price tends to rise. However, when the company misses analyst expectations or offers weak guidance, its share price usually falls. In addition to financial performance, another major factor that has influenced Cyan’s share price in the past is investor sentiment.

When investors are bullish on the stock market in general, they tend to buy shares of companies like Cyan that they believe have strong long-term prospects. Conversely, when investors are feeling bearish, they tend to sell these same stocks. Investor sentiment can swing rapidly and result in sharp changes in Cyan’s share price over short periods of time.

Finally, broader macroeconomic trends can also impact Cyan’s share price indirectly. For example, if interest rates rise or the U.S. dollar strengthens relative to other currencies, it can make stocks like Cyan less attractive to foreign investors and cause their share prices to drop accordingly.

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Conclusion

Cyan, Inc. (Nasdaq: CYAN) stock lost over 18% on Tuesday . The drop came after the company announced disappointing guidance for the fourth quarter of 2020. Cyan reported third quarter results that were in-line with expectations, but provided weak guidance for the fourth quarter.

Wall Street was expecting Cyan to report earnings of $0.01 per share on revenue of $21.5 million in the fourth quarter. However, Cyan guided for a loss of $0.02 to $0.03 per share on revenue of $18 million to $19 million. The weak guidance sent shares tumbling lower on Tuesday .

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